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TR-1: NOTIFICATION OF MAJOR INTERESTS IN SHARES

1.   Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:

Vesuvius PLC

2. Reason for the notification (please state Yes/No):

An acquisition or disposal of voting rights: (   )

An acquisition or disposal of financial instruments which may result in the acquisition of shares already issued to which voting rights are attached: (    )

An event changing the breakdown of voting rights: ( YES)

Other (please specify) (     )

3. Full name of person(s) subject to the notification obligation:

Cevian Capital II G.P. Limited

4. Full name of shareholder(s) (if different from 3.):

Vidacos Nominees Limited

5. Date of the transaction (and date on which the threshold is crossed or reached if different): 1 October 2013

6. Date on which issuer notified: 2 October 2013

7. Threshold(s) that is/are crossed or reached: 21%

8. Notified details:

A: Voting rights attached to shares

Class/type of shares if possible using the ISIN CODE

Situation previous to the Triggering transaction



Number of shares

Number of voting Rights

GB00B82YXW83

57,013,747

57,013,747

Resulting situation after the triggering transaction

Class/type of shares if possible using the ISIN CODE

Number of shares

Number of voting rights

% of voting rights





Direct

Indirect

Direct                

Indirect

GB00B82YXW83



57,013,747


21.02%

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Expiration Date

Exercise/Conversion Period/ Date

Number of voting rights that may be acquired if the instrument is exercised/ converted.

% of voting rights


C: Financial Instruments with similar economic effect to Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Exercise price

Expiration date

Exercise/Conversion period

Number of voting rights instrument refers to

% of voting rights






Nominal

Delta


Total (A+B+C)

Number of voting rights

57,013,747

% of voting rights

21.02%



9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable:

Cevian Capital II G.P. Limited (Cevian) acts as general partner for Cevian Capital II Master Fund L.P.

Cevian is the indirect holder of the voting rights attached to the shares.  The legal owner of the shares is Vidacos Nominees Limited (acting as nominee), which holds the shares on behalf of UBS AG (acting as custodian).

Proxy Voting:

10. Name of the proxy holder:

11. Number of voting rights proxy holder will cease to hold:

12. Date on which proxy holder will cease to hold voting rights:

13. Additional information:

14. Contact name:

HENRY KNOWLES, COMPANY SECRETARY, VESUVIUS PLC

15. Contact telephone number:

+ 44 (0)20 7822 0000


This information is provided by RNS
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